Skip to content

The Alternative Data and AI Imperative for Inclusive Credit Decisioning

News

November 28, 2022 | Cassidy Belville

Gen Z, which is transitioning from school to the workforce, and has never known life without a smartphone or the Internet, has an estimated collective buying power that is nearing $150 billion. However, one study shows that only 47 percent of Gen Z — versus 75 percent of Baby Boomers and 70 percent of Millennials — has an account with a traditional bank, credit union, neobank or technology company.

In this Datatechvibe article, Kim Minor, Senior Vice President, Marketing for Provenir, discusses how alternative data and AI can help traditional financial institutions serve this unbanked/underbanked population.

Latest Resources

BNPL, Decisioning

On-Demand: Anticipating Tomorrow: A dynamic approach to account management

As consumer debt and delinquency rates continue to rise, we are seeing loan loss provisions reach new heights ...

Maximizing AI/ML for Fraud and Risk Mitigation

Contact us for more info on Provenir’s robust, AI-powered fraud solutions. Learn More How to Harness Artificial Intelligence ...

Successful Digital Transformation in Financial Services

Contact us for more information on how Provenir can support your digital transformation journey. Contact Us Q&A with ...